Zigii Collaborated with Decentro to Launch Prepaid Cards for Gen Z
Elena Rahman — June 28, 2022 — Tech
Zigii, an India-based neobank, is working with Deccentro, an application programming interface (API), to empower young adults and teens belonging to Gen Z with financial independence. The two companies partnered up to launch co-branded prepaid debit cards.
The co-branded integration will allow Zigii users to sign up for the new wallet. They will instantly receive a virtual card on the Zigii app and can opt for a physical copy to be delivered to their homes. Users can load funds onto the card as desired to make regular debit card transactions at both in-person and online retailers. Moreover, the API neobanking experience aims to empower young adults and teens to acquire more financial independence in a way that better serves their tech-savy needs.
Image Credit: Zigii
The co-branded integration will allow Zigii users to sign up for the new wallet. They will instantly receive a virtual card on the Zigii app and can opt for a physical copy to be delivered to their homes. Users can load funds onto the card as desired to make regular debit card transactions at both in-person and online retailers. Moreover, the API neobanking experience aims to empower young adults and teens to acquire more financial independence in a way that better serves their tech-savy needs.
Image Credit: Zigii
Trend Themes
1. Prepaid Debit Card for Gen Z - The collaboration between Zigii and Deccentro to launch a prepaid debit card for Gen Z presents an opportunity to tap into the growing demand for digital payment solutions among tech-savvy young adults and teens.
2. Co-branded Integration - The co-branded integration between Zigii and Deccentro presents an opportunity for neobanks to partner with APIs and expand their offerings to cater to a broader range of customer needs.
3. API Neobanking - API neobanking, as demonstrated by Deccentro, presents an opportunity for neobanks to enhance their customer experience with seamless integration with third-party services.
Industry Implications
1. Neobanking - The collaboration between Zigii and Deccentro highlights the potential for neobanks to disrupt traditional banking by offering innovative financial solutions tailored to the needs of younger generations.
2. Digital Payments - The prepaid debit card for Gen Z launched by Zigii and Deccentro is part of the growing trend towards digital payment solutions, which presents an opportunity for companies in the mobile payments and fintech industries to tap into this market.
3. API Integration - The collaboration between Zigii and Deccentro presents an opportunity for companies in various industries, particularly in the mobile app and fintech sectors, to explore the potential of API integration to enhance their offerings.
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